The table above shows the PPF of an island community. This communitys opportunity cost of producing 1

Question:

The table above shows the PPF of an island community. This community€™s of producing 1 pound of fish ______.

A. Is the increase in the quantity of berries gathered as the quantity of fish increases by 1 pound

B. Increases as the quantity of berries gathered increases

C. Is 10 pounds of berries if the quantity of fish increases from 2 to 3 pounds

D. Increases as the quantity of fish caught increases

Fish Possibility (pounds) Berries (pounds) A and 40 and 36 and 2 30 and 22 12 and and o

Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...